Options Spotlight: Foundation Coal
Despite recent weakness in the energy sector during the past couple of trading sessions, the coal sector remains a pocket of strength. This week’s edition of Options Spotlight takes a look at Foundation Coal (FCL) – a high-flying stock that continues to gain the attention of the bears.
In the Options Spotlight, I shine a light on what’s happening in the options world. In the case of Foundation Coal, put activity has been brisk on the shares as investors attempt to call a top to the security’s winning ways. What’s more, options players aren’t the only ones looking for a decline in the shares. For a closer look at Foundation Coal and its sentiment backdrop, please click on the video button below.
To read more of our analysis on the market’s biggest stories, please visit our Schaeffer’s Daily Market Blog section throughout the trading day.
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